PFPB Fintech543390Insurance broking, fintech

PB Fintech shares up about 2% after last week's sharp fall triggered by regulatory action, with brokerages cutting price targets sharply but saying it's not the end of the road

By ScoutQuest · Mon 28 Sep 2026, 9:28 AM IST · 6 min read

Heard on Live television at 09:28:10 IST.

[09:28:10] agree with the the view that they have put out and prashant in many of the previous shows with you I've always mentioned that we focus on mega trends and we try to position our portfolio early in these mega trends. Definitely when AI came I was identified as a theme way back in 2023 we picked up some of the companies that are enablers for these AI. And in fact we went much uh dug much deeper into it that we looked at not only companies in the power sector. So uh wires and cables, transformers, uh renewable energy, we also went down to commodities where like you know with the kind of shortage that we see now coming up in copper, uh mean silver we had a trade in uh multi-asset allocation fund when it was around $30 or so. So we picked up those early. In fact now Prashant we are shifting our focus from uh AI uh suppliers to appliers where companies who are using AI can they improve their revenue productivity, their profit margins, their market share uh using AI. So we are actually starting to now shift towards companies that are uh AI appliers and who can benefit from them. Uh no, I think uh that's a pretty good way to look at things. Uh and and uh you know, maybe we should do a deep dive with some of these names uh and and hopefully we'll be able to sort of, you know, get through some some of these ideas in a more detailed way. We'll thank you for now, Nimesh. Really appreciate your time. Thank you for joining us here on Live TV News Channel. And it's a pleasure speaking to you here uh this morning. You know, I just want to take a quick look at the market which is down about 200 230 odd points and uh it is it is a uh it is a bit bit of a tough screen, right? So you are back under 23 uh 20 actually at about 22900 uh kind of levels. Uh the uh and and you know there are individual names which I think are are going to be a you know a fair bit of focus. PB Fintech is up about 2% after the catastrophic fall that we saw last week. Uh but there are a few, you know, brokerages saying well it's not, it's not apocalypse, it's pretty damaging what the regulator is saying, but uh you know, price targets etc. have been cut very sharply, uh but they're saying well it's not end of the road or anything of that sort because it did look like at one point, it is that. So just under 1200 now on PB Fintech at this point. Well, one of the big winners of this year and last year has been Wellspun Corp and the management is with us here in our studios. Uh, go on. Well, that's right. You know, Wellspun Corp, they have secured a major order win in the United States. Uh, the arm has bagged one of the largest ever orders for their HFIW pipes worth approximately Rs 4,000 crores. That takes the total order book to around Rs 45,000 crores, which is the highest we've seen in multiple years as well. What is [09:31:10] is is the main for the company. How do they plan on executing? Well, we have with us Mr. Vipul Mathur, the MD and CEO of the company who joins us on the show. Well, Mr. Mathur, thanks a lot for coming down to the studio and congratulations. You know, we're getting used to this every few weeks. You're going ahead and winning big orders. Give us a few details first. Um, you know, what is the current utilization levels in the United States and to execute these sort of orders, will you all have to increase capacity or the capacities you've already laid out will be sufficient? So, good morning and thank you Nigel for having me back on the show. As always a pleasure coming back here. Uh it has been a phenomenal year. There is no doubt about it. And uh we have been we have been blessed with some very nice orders, very strategic orders, I would put it this way. I think so the market is growing exponentially as you know the US market. There are multiple opportunities out there. But what was important was to cherry pick the right opportunities and to bring it into your ford. I think I think so to that extent we have been successful, number one. This order is specially the one for the HFIW was of very strategic importance to us. As you know, we have just invested into a new, you know, we have just invested into that mill. You know, it is a very, very upgraded top of the line mill what we have done. It's a huge, it has a huge capacity. So, having a size this size and magnitude of an order was very, very imperative for this particular mill. So, as I said, we have been cherry picking the orders. We went after this particular project and you know, and looking at the credibility, looking at, you know, the size and you know, the scale what we could do, Right. We were blessed with this particular order. And this HFIW mill is the new one, right? The uh is one of the new one. One of the new ones. The older uh older one was bald I think so. That's correct. Right. Uh give us a few details in terms of diameter. Uh, you know, how this HFI pipes uh what would they mean in terms of diameter size? If you could give us some color, and also if you could tell us what kind of margins will you enjoy on a per ton basis or uh, you know, blended margins? So, this bill is a mill which is capable up to 24 inch diameter. 24 inch. Right? Earlier mill was all about 20 inch and then lower wall thicknesses. So, it was a very strategic investment which we did because we see the landscape in the US market shifting. Okay. Unless and until you do not have the large diameter or 24 inch diameter into your portfolio, your utilization level of a 20 inch mill would have come into existence, you know, you know, you would have you it would have been a little bit of a issue out there. So, we made that investment and this particular order is a blend of 20 inch and 24 inch. Okay. So, you have a 24 inch mill, you have an order for 24 inch mill. It's a large order, you know, very, very significant order and you know, very strategic order. It is a order which is going to carry a refined product from Texas to let's say to towards Arizona and towards more towards California side of it. So, it's a refined product pipeline uh which we will uh for which these pipes will be used. Margins you were going to tell us? Decent order, let me put it this way. It's a fairly decent order. In US the uh you know, I would uh this uh what was more important that more than you know, that it was more important for us to secure because it's a large order from a capacity utilization point of view, from a size utilization point of view. And today, once you're an execute

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